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GCI in “The Web Loses Its Clicks”

Gannett Co., Inc.

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Declining search referrals add another structural headwind to the audience and advertising economics of local publishing.

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Mar 3, 2025 – Mar 2, 2026 · 241 sessions

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Full story

The Web Loses Its Clicks

AI answers and agents are replacing links, weakening the economics of search, marketplaces and the open web.

BEAR side — Declining search referrals add another structural headwind to the audience and advertising economics of local publishing.

Read the full The Web Loses Its Clicks story

Bull side

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Bear side

2 stories
  • GCI in “The Web Loses Its Clicks”

    StableExposure: not rated yet
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    AI answers and agents are replacing links, weakening the economics of search, marketplaces and the open web.

    Declining search referrals add another structural headwind to the audience and advertising economics of local publishing.

  • AI Agents Tax the Open Web

    GCI in “AI Agents Tax the Open Web”

    FadingExposure: not rated yet

    Answers replace links, rewarding platforms with proprietary audiences while starving businesses built on search referrals.

    Gannett's local publishing network is vulnerable when AI answers capture search traffic before it reaches article pages.